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The DC Code: § 31-1631.07 License denial, suspension, revocation, and refusal to renew; civil penalties.

Index31 Insurance and Securities. (Refs & Annos)
a
The Commissioner may deny a license to an applicant or suspend, revoke, or refuse to renew a license if the applicant or licensee:
1
Violates the provisions of this chapter or any standard of conduct prescribed by the Commissioner in regulations;
2
Makes a material misstatement in the application for the license;
3
Engages in fraudulent or dishonest practices; or
4
Demonstrates incompetency or untrustworthiness to act as a public insurance adjuster.
b
Upon a finding by the Commissioner of a violation of subsection (a)(1) or (3) of this section, the Commissioner may impose a civil penalty not to exceed $1,000 for each violation.
c
This chapter shall not be applied or interpreted to bar a borrower from bringing an action pursuant to any District or federal law for damages, injunctive relief, or any other relief.

Historical and Statutory

Legislative History of Laws For Law 14-256, see notes following § 31-1631.01. DC CODE § 31-1631.07 Current through December 11, 2012

Credits

(Mar. 27, 2003, D.C. Law 14-256, § 7, 50 DCR 238.)